Western Cape is the only province showing significant house price growth in 2016/17.
The real growth in Cape Town house prices is largely attributable to above average performance in 6 markets – Atlantic Seaboard, City Bowl, Near Eastern Suburbs, Southern suburbs and South Peninsula.
According to an article on Moneyweb.co.za this strong price performance is largely due to; the continuing migration of relatively wealthy South Africans to Cape Town and the Capetonian desire to avoid long commuting times which drives people to invest in homes close to their work place.
*Semigration refers to the tendency of people to migrate within SA rather than overseas.